Hacker News new | ask | show | jobs
by tootahe45 2749 days ago
Which is being achieved if you look at the overall numbers. One company doesn't represent total job growth. If GM fails and Tesla takes its place will you blame that on Trump too?
1 comments

Two companies in two weeks have announced 10,000+ layoffs. Rumor is Ford is about to as well.
So what? Far more new jobs than that have been created.
Announcing huge layoffs is not a positive market indicator. Similar to inverted yields, massive market drops or VIX growth, it is indicative of a wind shift.
Interesting observation that both companies have strong unions.

It's too early to imply a reliable correlation (not even mentioning causation), but surely something to watch after...